Chapter 139: Acquisition of the Cinema Line

Henry smiled at the shareholders and motioned for them to sit down.

"Welcome to our first meeting!" Henry said.

"Hello, Mr. Williams!"

"Hehe, I've called you over for a meeting today because I'm going to announce something important. I have decided to bring the IMDB website into the theater chain, and use the advantages of our IMDB website on the network to realize the function of 'online booking'! First, we can enrich the content of our website, and use the fashionable and interesting way of 'online booking' to attract users and form a more sticky industrial chain! Second, with the cinema chain, we will have more say in Hollywood and can enhance our status!!"

When everyone heard this, they nodded again and again.

"Well, yes, that's an interesting idea!"

"Yes, book tickets online, I think young people like it very much!"

“……”

After discussing for a while, Henry said: "In the 80s, due to the popularity of video recorders and cable television, the occupancy rate of theaters decreased, and the major theater companies are currently struggling, which is the best time for us to buy the bottom!!

"Mr. Williams, you also said that the current cinema company is struggling, if we buy the cinema company, wouldn't it be an extra burden?!" At this time, a shareholder suddenly sang a rebound and asked. When the other stock markets heard this, they all looked pensive. Just now, I thought Henry's idea was very good, but in an instant, I felt bad again......

Henry smiled, "That's a good question, so after we buy the theater chain, we will have a big makeover!! we want to build a comprehensive large super theater, with twenty-four screens, and more movies can be shown at the same time." The super theater space is huge, changing the current narrow and dim situation of the multiplex theater, setting up gymnasium-style seats, so that the line of sight will not be blocked by the audience in front, and then equipped with good sound effects, so that it can make the viewing more comfortable. In addition, the huge space allows other revenue-generating sectors to "flourish", such as popcorn, restaurants, video game rooms, and the sale of CDs and books!!!"

As soon as Henry finished speaking, everyone was stunned, thinking about it, if there was such a theater, he would definitely be willing to spend money to go to the movies. There are more moviegoers, and the income around the theater will definitely increase significantly, and finally carefully calculate the account, maybe the theater can make a lot ......of money!

Immediately the crowd began to talk among themselves.

"Mr. Williams, I think it's better to be cautious, and when the profitability of the theater chain improves, we will buy the theater company?"

"Yes, yes, the current situation of the cinema company is difficult, the prospect is uncertain, and it is not suitable to acquire !! for the time being"

“……”

Henry's face sank, he didn't expect so many people to oppose it.

High risk is high reward!

When the prospects are clear, it will not be so easy to buy a cinema chain, you have to buy it, others may not sell it! Or, there will be competitors. In short, the acquisition of a cinema chain will have to be made at the most difficult time for the cinema company! In a few years, there will be a blockbuster movie special effects, and at that time, the cinema will be on fire again!

If you don't make a move now, when will you wait?

Henry looked at the surrounding shareholders, and said in a deep voice: "The cinema chain must be acquired, I believe that in the future, the cinema will definitely bring us huge profits!!"

"Mr. Williams, we can't decide whether or not to buy the cinema company based on your own will! if you make a mistake, won't it cost IBMD a lot of money!!," one shareholder said aloud with a hint of reprimand, disliked Henry.

When Henry heard this, his face changed!

"My will is to order !! IMDB website to buy the cinema company, if you are not satisfied, you can withdraw the shares immediately, and I will let you settle the !! on the spot" Henry patted the table and stood up, staring at the man who spoke with a cold gaze.

The man was too frightened to squeak, and his face turned red.

"Hmph!" Henry turned his head to look at Marcy Filipmon, "Just do as I say, do your market research and find a suitable acquisition target!!

"Yes!!" Marcy Filipmon replied with a hurried nod.

Henry moved his seat and walked straight out of the conference room!

Marcy Filipmon looked at it and announced, "The meeting is over, everyone is gone!!"

After the meeting of shareholders of all sizes was dismissed, they began to discuss in the corridor.

"Henry Williams has such a big temper!"

"Young and vigorous, don't you know?"

"My will is an order, this sentence, so !!"

"Hehe, if I were a billionaire, I would be like this!!"

"It's just that I didn't expect that the chairman of the IMDB website was actually Henry Williams, and it seems that the Nicholas Group is also Henry Williams Holdings!"

"I heard that Henry Williams' grandfather's surname was Nicholas, and he originally owned a chain of bookstores called Nicholas Books. When the Nicholas Group was first founded, it also sold books, but it was done online shopping! Obviously, the Nicholas Group was founded by Henry Williams. His presence at previous board meetings is the best proof of this!!"

"Uh-huh, yes, yes, you've made it clear, and I can now be pretty sure that Henry Williams is behind the Nicholas Group!!"

"Oh God, have you counted his worth? We all know that he holds 75 percent of Cisco's shares, which is almost $100 billion! And the Nicholas Group is currently worth $90 billion, and although we don't know how much he holds in it, it must be more than half of his shares, reaching absolute control, so that's $45 billion!!

"Hehe, don't forget, he also has 360 Holding Group Company, which has had a lot of trouble with Microsoft before, and has also made headlines in the media!! 360 Holding Group Company owns 360 McAfee Company and Netscape Company, these two companies combined, the market value is approaching 30 billion US dollars!! of course, I'm sure, he has other companies!"

"Uh...... I think he's probably worth close to $200 billion!"

"Oh! it's horrible......"

"yes, yes!!"

A few days later, Marcy Philemon, the CEO of the IMDB website, brought a list and handed it to Henry, "Chairman, this is the information we have collected from the theaters. Among them, we are most optimistic about AMC Cinemas Group!"

AMC Cinemas, Henry is no stranger.

AMC Cinemas established its first cinema in 1920 and has since grown into a cinema chain group with 400 cinemas worldwide, making it the world's largest IMAX and 3D screen operator. For example, the concept of multi-hall was introduced for the first time, and the seat armrests were set to be adjustable, and the armrests were raised to become couples' seats, and a cup holder was set on the armrests to make it easier for the audience to place drinks......

In 2012, Dalian Wanda acquired the second-largest cinema operator in the United States for $2.9 billion, causing Chinese pride and joking that they could finally clip the "news broadcast" for foreigners......

At present, AMC is the largest theater chain in the United States, but it was later surpassed by Junhao Entertainment. Junhao Entertainment was established in 1989, 69 years later than AMC, but since then it has been expanding rapidly by annexing small cinema chains, and there is a good chance that there will be a consortium behind it!!

Now, if IMDB acquires AMC, AMC will not only maintain its name as the No. 1 cinema chain in the United States, but will also become the No. 1 cinema chain in the world!!

"That's it!!" Henry snapped his fingers and said lightly.

"Okay, I'll arrange the team to do the acquisition !! right away"

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